The Effect of Merger and Liquidity on Financial Performance of PT Bank Syariah Indonesia Listed on the Indonesia Stock Exchange

This study aims to analyze the effect of merger and liquidity on the financial performance of PT Bank Syariah Indonesia following the merger activity. A descriptive quantitative approach was employed using secondary data obtained from financial reports before and after the merger during the 2018–2023 period. The sampling technique used was purposive sampling, with the research subjects consisting of PT Bank BRI Syariah Tbk, PT Bank Syariah Mandiri, and PT Bank BNI Syariah (before the merger), as well as PT Bank Syariah Indonesia Tbk (after the merger).
Data analysis was conducted using multiple linear regression with the assistance of SPSS software. Classical assumption tests were also applied to ensure the validity of the regression model. The t-test results show that the merger has a significant effect on financial performance, and liquidity also has a significant partial effect. Furthermore, the F-test results reinforce that merger and liquidity have a positive influence on the financial performance of PT Bank Syariah Indonesia. These findings indicate that effective merger and liquidity strategies play an important role in enhancing the company’s financial performance.
Keywords: Merger, Liquidity, Financial Performance, Islamic Banking, Indonesia Stock Exchange.